PayPal facts
Paypal is a versatile e-wallet that lets you send and receive money quickly and securely. The so-called PayPal account, connected to your personal email address and acting as an internet account, allows you to make all your online payments in one place. So you can easily link all your accounts and credit cards. You can also fund your PayPal account with cash by transferring money from your bank account for free.
When making an online payment with PayPal, you can easily choose the method you want: bank account, credit card or PayPal account balance. The latter option works just like a credit card because you can spend money you don’t own. “You don’t need any credit to shop and pay online with PayPal,” reads the company’s website.
However, you must ensure that this account is back in the black very quickly as PayPal is registered as a bank (holding a European banking license since 2007) and acts accordingly. So the bailiff is quickly at the door. We, therefore, recommend that you do not play with money that you do not have at your favorite gambling sites.
PayPal is the largest e-wallet service in the world with over 100 million members. Like all e-wallets, PayPal allows users to transfer money to and from other accounts without disclosing sensitive financial information each time. Due to PayPal’s strict policies, it is generally only allowed by the most prominent online casino operators as a way to deposit and withdraw your funds.
To open a PayPal account, you must go to the PayPal website and click on the link to register a new account. You will be asked to provide your identity information and verify your email address, but the process should not take more than a few minutes. Once you’re signed in to your PayPal account, you’ll need to take a few extra steps to add your bank account and credit card and complete verification to remove restrictions from your account. Verification usually only takes a few business days.
PayPal is a strong e-commerce brand
The fact that PayPal has the largest piece of the global e-financial service provider pie comes as no surprise, it is extremely practical. “Shop anywhere in the world and transfer money super fast” certifies the company. You only need two things:
- An e-mail address
- Your PayPal password
PayPal is also doing well worldwide. Nearly 300 million customers, over 8 million of whom even play and bet online. Founded in 1999 by the American company Confinity, which focused on financial transactions between handheld computers (PDAs), Elon Musk got involved a year later and started the success story. EBay bought it in 2002 and became independent and public again in 2015.
PayPal and your data
PayPal is very convenient, but is it secure? Of course, you do not want your personal information, bank and credit card details to fall into the wrong hands. Fortunately, you can trust this payment service.
- Every transaction takes place in a secure environment.
- Every transaction is encrypted using advanced encryption technologies, so all your data is never visible to third parties. The company receiving your money does not see bank or credit card details.
- The company offers the option to set up your cell phone number for extra security (2-Step Verification), so your data is even better protected.
- PayPal uses advanced fraud prevention technologies to scan transactions for suspicious activity like phishing and identity theft.
- Full protection, both for your purchases and for your account.
- You will also receive a full refund if your purchase is undelivered or significantly different from the seller’s description.
- You are also not liable for unauthorized purchases from your PayPal account.
But you must meticulously abide by the terms of service. For example, those backups will expire if you do not properly back up your email address and password.
Easy steps to a PayPal account
- Go to the official website and sign up for a free account. Select your country, enter your name and email address and create a strong password.
- Enter all personal data correctly so that your account will be authorized and activated after PayPal has checked it.
This also applies to entering your address and your date of birth.
- Once the process is complete, you can get started with your new electronic wallet and pay securely online. And this is also possible without an account balance since you can also use PayPal to spend money that you do not (yet) have. Of course, like a credit card, you have to repay it in the short term.
You can also manage your transactions on the go using the app. The PayPal app is available in your App Store and on Google Play.
How to Use Paypal?
Using the PayPal online wallet is very simple and takes no more than a few minutes. Payments and transactions are completed in seconds, and often, the money is transferred immediately or within minutes after the payment is made. You can use it through a browser or simply download the PayPal application on your smartphone, and your account is always at hand.
Simply log into your account with your email address and password, and you can start making payments. Without entering bank details and other information, which can often be time-consuming. If you have funds deposited in your PayPal account, you can use them. Otherwise, you connect a bank account or card to Paypal, and the system itself pays what you want to settle by direct debit from your bank account. This is above all a safe and reliable option that protects your personal data from possible hacks and fraud because with this payment method you will not leave sensitive information about your credit card on the website of the online casino.
PayPal in online casinos
Online casinos are becoming increasingly relevant, so the range of casinos is also increasing daily, which can ultimately cause confusion and problems when deciding which casino to choose. If you are looking for an online casino that offers easy deposits and fast real money withdrawals, choosing one that accepts PayPal is probably the best option. Due to the popularity of the PayPal electronic wallet, many online casinos accept this payment method. However, not all conditions and offers are the same! Below, you will find all the information you need if you are considering registering at an online casino in Canada that supports the deposit and withdrawal system with the PayPal system.
How to make a deposit using the Paypal system?
First, log into any online casino supporting PayPal to deposit your casino account. Ensure you have selected a real money game, then go to the bank or casino cashier. Find PayPal under the deposit section and enter the amount you want to transfer. You will then be prompted to log into your PayPal account to complete the transfer. Funds will be available to play immediately. If you don’t have enough money in your PayPal wallet to cover the deposit cost, PayPal may charge your credit card directly, which you must add and verify beforehand. The same process applies to depositing on casino sites that support PayPal.
Below are the steps for a successful PayPal deposit:
- Make sure your PayPal account has funds or is linked to a bank card for funds.
- Go to the Checkout section of your chosen gambling site and select PayPal.
- Enter the amount you want to transfer.
- Enter your promo/coupon/bonus code (if you have one) and click “Send”.
That’s all. You will be redirected to the PayPal website to log into your account to authorize the payment. Once a transaction is approved, payments are made quickly, usually instantly.
Most payment methods supported by PayPal offer instant payments, but some take a few days to appear, meaning you must wait before using your money to play at the casinos. To avoid transaction delays, it is recommended that you always have some funds in your PayPal account so that they are always available when you decide it is time to play an online casino game.
How do I withdraw money from an online casino to a PayPal account?
Once you’ve won enough and hopefully been lucky enough, you’ll naturally want to withdraw your money and put it to good use. When withdrawing money with PayPal on a gambling site, it is wise to have a verified PayPal account, as this may take some extra time. This also helps avoid unnecessary complications that could prolong the payout process.
The withdrawal process is otherwise just as fast and easy as depositing into the account:
- Sign in to your account.
- Make sure the casino has verified your payment information. If you transferred via PayPal, your account has already passed the required checks.
- Find the minimum deposit amount in the casino rules and enter the same or higher amount in the corresponding field on the withdrawal site.
Expect the process to be completed in no more than 3 business days.
After you withdraw from the casino and get your funds to PayPal, you can transfer your winnings back to your bank account or to your credit card linked to your PayPal account.
PayPal fees and limits
Certain fees apply when using PayPal for general purposes. For example, you must pay 5% of international transactions, at least C$1 to C$4. Instead, receiving funds is free. You have to pay 3% of the amount to convert the currency. Standard transfers from PayPal to an internal bank account are free. The system charges a 1% express transfer fee.
However, the conditions will be even more attractive if we discuss online casinos. Since the casino is interested in keeping a loyal customer, the online casino usually covers all the fees related to the deposits. So, if the customer uses PayPal as a payment method, only the planned amount will be used for the deposit. The same goes for withdrawing winnings from real money games. The entire winning amount is clearly credited to your account. Not every casino accepts PayPal, but you’re in luck if you can find one. However, in rare cases, additional payments from third-party providers may fail due to different conditions. However, in this case, the casino will clearly warn you of this.
PayPal online casino bonuses
Players using the PayPal casino bonus deposit option can take advantage of promotions for new users. According to players, the best payment method accepted is in the case of deposits as part of the welcome bonus, i.e. an additional multiplier of the deposited amount and a promotion for free spins. Welcome bonuses guarantee an addition to the deposit amount of 50, 100 or even 200% of the first or first few account top-ups.
Casino payments, including the method discussed today, also participate in any other promotion unless the casino’s regulations state otherwise. This wallet is treated as a classic deposit form, so it is subject to all game additions just like a classic bank transfer.
Mobile deposits with PayPal
A dedicated mobile application supporting PayPal mobile casinos may be useful for using casino services on mobile phones and tablets. This software, available for Android and iOS smartphones, allows users to easily control their expenses and account balance without logging in to their account on a computer.
Online casinos allow you to make PayPal casino deposits through the casino app and mobile sites. Ordering such a deposit or withdrawal is very simple. PayPal Casino will properly guide the player through the entire transaction process and will detect the presence of a dedicated app on the player’s device.
Problems with deposit and PayPal account
Deposit problems may occur for players who do not have enough funds to deposit the selected amount. For this purpose, you should check the payment card to see if it is correctly connected to the account and the possible cash balance in this account.
Customers can add funds to the account at any time using the available options, such as a classic transfer from a private bank account or an electronic transfer using the Dotpay instant method.
Players also note that this wallet’s user profile does not support account top-ups using cryptocurrency. In a Canadian real-money casino, it would be useful to have the option of depositing with an intermediary using Bitcoin. In the future, gambling service players can count on the development of technology, including the implementation of new solutions for deposits in casinos.
Types of PayPal casinos
There is something for every player in the abundance of online casinos. It doesn’t matter what type of casino you prefer because you can use PayPal on classic (accessible via computer) websites, mobile apps, new casinos, and those that have been popular among players for many years. Real money bets in online casinos are the key to feeling the adrenaline rush. To make this experience not a disappointment, you can view the payment methods that will make your deposits and withdrawals smooth and secure. Casinos that accept PayPal are very popular and the service is becoming more accessible.
A list of PayPal online casinos that are currently blacklisted and better to avoid is regularly published and updated online, so check it regularly to avoid problems and successfully avoid fraud.
PayPal mobile casino
PayPal Mobile Casino is a growing trend in the world of gambling. People engage in this industry to make a profit. PayPal ensures that the profits they earn are kept securely. Deposits and withdrawals are easier with the payment method at the click of a button. A player can enter the casino without any form of paper cash and still be able to place their favorite bets through the casino’s PayPal-enabled mobile app. Various casinos have started to adopt the concept of paying through this payment method to reduce instances of theft as well as to increase the overall safety of people participating in online games. It also came in handy for the PayPal mobile casino apps as you can transfer funds from your PayPal account to your casino account in minutes from the comfort of your home. You should know everything about mobile casinos if you are always on the go and want to have everything you need in your pocket. Fortunately, it’s now not only possible to pay bills with your smartphone, but you can also take your PayPal mobile casino with you wherever you go.
PayPal live casino
The online gambling industry is moving forward to attract new players with cutting-edge inventions, new games and unusual approaches. In a live casino, you can experience a real casino by playing online. Imagine playing with live croupiers who look like they worked in Vegas without leaving your home – that’s the experience you can get at a live casino. Compared to regular online casinos, a live casino is played with real dealers and is played in real time. Common online games offer you to play with real money or a trial. They offer traditional games as well as poker and other games against other players live online. The live game is shown via a live video link from the casino table in real time. It can also be streamed from classic casinos.
Paypal online casino bonuses
What’s more, casinos can even offer exclusive welcome bonuses to players who use Paypal as a payment method to convince them to use PayPal for casino games like Paypal Roulette, and PayPal Bacarrat, and if you want to win the PayPal jackpot, don’t worry. Casinos may even offer exclusive welcome bonuses to players who use this method to convince them to use PayPal. And since you’re reading this article, we don’t think you’ll need much convincing!
- Welcome bonus
The casino welcome bonus is available upon registration, usually when the first deposit is made to the account and is given to all new players. That is why it is also known as an online casino signup bonus or a first deposit bonus. Nowadays, casinos compete with each other to see who can offer the best welcome bonus and attract more players.
- Deposit bonus
Deposit bonuses are a gift you receive when you deposit a certain amount of money into an online casino. The sign-up bonus is the most popular type, but you can also earn this type of bonus later as part of a promotional campaign.
- Free spins
Free spins are a type of promotional offer offered by online casinos. Simply put, you get a predetermined number of free spins that you can use on a specific slot machine. They are available as no-deposit bonuses or as part of deposit bonus packages.
PayPal OneTouch
With PayPal, you can pay quickly and easily using your email address and password. However, if you don’t want to enter these credentials every time you pay, a solution is now available: PayPal One Touch. If you enable this option, your credentials will be saved on your device, making online payments even faster and easier.
Alternatives to Paypal payments in online casinos
While it’s convenient to fund your online casino account with PayPal, it’s not the only method available. International online casinos are known for offering many payment options to players. If your bank is not listed, but you still want to start playing in an online casino with real money, you can do it with other safe and popular payment methods such as Skrill, Visa, Trustly, or Bitcoin, which is completely safe and anonymous.
Skrill
Skrill is a third-party payment processor or e-wallet that allows you to access many online financial services. It is very popular among online casino players and allows deposits and withdrawals in 40 currencies at the best casinos that allow Skrill.
Visa
Almost every merchant accepts Visa and the same goes for online casinos. With Visa, you can deposit funds in almost any casino.
Trustly
Trustly is an open bank payment method that allows customers to shop and pay from their online bank account without using a card or app. Their account-to-account network supports 6,500 banks, reaches 525 million consumers and bypasses card networks.
Bitcoin
With Bitcoin adoption at an all-time high, more and more online casinos are now accepting this cryptocurrency. Because Bitcoin and other cryptocurrencies run on blockchain technology, transactions are easy to track. Players always send money directly to the casino without anyone’s approval. No one could manipulate the transaction, so it is secure.
Pros and Cons of using PayPal in online casinos
There are many positives to using PayPal. For both gamers and regular users, the system has prepared superior advantages in use. Below, you will find a list of the benefits of using PayPal.
Although setting up a PayPal account is not difficult, you must have a credit card or bank account to use the service. Additionally, it may take some time for your credit card or bank account to be linked to your PayPal account due to the verification process you must go through.
Advantages
- Flexibility. It’s flexible to deposit or withdraw money with PayPal, whether it’s small or large. You can make payments for casino games quickly and easily.
- Speed. It depends on the online casino, but on average paying with PayPal is faster than paying with traditional methods. PayPal transactions at online casinos only take a few minutes. Depending on your bank, it may take three to five business days for the money to arrive in your PayPal bank account.
- Payability. It’s safe to say that PayPal doesn’t charge huge customer fees. You may find virtually no fees when you use PayPal at an online casino. By “virtually” we mean that a small percentage of gambling games still have small commissions, but this is the exception rather than the rule.
- Security. You can safely rely on PayPal to process customer payments. PayPal has a buyer guarantee and follows a specific procedure for data security. The PayPal website is secure and encrypted. You don’t have to reveal any sensitive information for payments, just provide your email address. If you’ve followed our advice above and created a separate mailbox, sharing this information poses no risk to you.
- Good reception. PayPal is the most popular payment method used by many casino houses. Currently, many casinos accept payments through the PayPal system because it is in high demand among users.
Disadvantages
- You cannot use PayPal on illegal websites.
- PayPal may charge fees. If not directly to you, then to a gambling site that may forward it to you.
- If you need to fund your PayPal account with a debit card or bank, you may have to pay fees (PayPal has to make money somehow). Because of this, it may make more sense for people to fund their gambling accounts using other methods, such as credit cards or bank transfers.
- Not all operators accept this payment method.
There may be other drawbacks to using a PayPal account at casinos. However, it’s a good idea to visit the sites that offer it and compare their offerings with other preferred remittance options to see which one will work best for you.
Final thoughts on PayPal online casinos
PayPal is an incredibly cool payment solution for Internet users. While very few online casinos offer the option to deposit with PayPal, we highly recommend it due to its many benefits.
As stated above, casinos offering international money transfers are an excellent alternative to inconvenient traditional transfers and potentially dangerous debit card payments. Gamblers who value complete privacy and excellent security should turn their attention to this particular way of making deposits, including deposits and withdrawals at any time of the day or night from any location.
Registering an account in this electronic wallet is free and takes only a few minutes. Formalities related to opening a PayPal casino account are limited to a minimum and do not require Internet users to provide detailed data, such as in the case of creating a traditional bank account.
Using the PayPal payment casino feature in online gaming has many more advantages than disadvantages. We are convinced that every player who decides to check the possibilities of this particular electronic wallet will never again use traditional bank transfers to deposit in online casinos and bookmaker games.